The $30 million these Somali pirates have stolen is chump change compared to our Wall St pirates. After reading this article, I wonder how long before hawala hits America."The businessmen backing the pirates arrange for the complex multibank transfer of ransom funds, disbursing the money through dozens of institutions around the globe within hours. They take a hefty cut before sending the pirates’ share through hawala, an underground cash-based Islamic banking system that leaves behind no written or electronic records that investigators can follow."Western intelligence has been tracking the flow of ransom money and the trail leads to Dubai.
Source: Daily Beast
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